Enter the closing costs ($) and the total cost ($) into the Calculator. The calculator will evaluate the Closing Cost Percentage.

## Closing Cost Percentage Formula

CCP = CC / TC * 100

Variables:

• CCP is the Closing Cost Percentage (%)
• CC is the closing costs ($) • TC is the total cost or purchase price ($)

To calculate the Closing Cost Percentage, divide the total closing costs by the purchase price, then multiply by 100.

## How to Calculate Closing Cost Percentage?

The following steps outline how to calculate the Closing Cost Percentage.

1. First, determine the closing costs ($). 2. Next, determine the total cost ($).
3. Next, gather the formula from above = CCP = CC / TC * 100.
4. Finally, calculate the Closing Cost Percentage.
5. After inserting the variables and calculating the result, check your answer with the calculator above.

Example Problem :

Use the following variables as an example problem to test your knowledge.

closing costs ($) = 10000 total cost ($) = 500000